The chairman and CEO of Allegiant Travel Co., Maurice Gallagher Jr., said a recent review of the value of its B757 assets had shown the aircraft's residual values will be reduced from USD6 million to USD3 million due largely to a permanent decline in the used 757 market.

"Based on our review the Company concluded that the estimated future cash flows for its six 757-200 series aircraft, spare engine and parts pool did not support the net book values on our balance sheet," he said. "This decision reflects the Company's view that our 757 fleet will be held for a period less than their current expected useful lives, which is currently seven years or through 2021."

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The Minnesota-based carrier was acquired by private-equity firm Apollo Global Management in December 2017, and the new owner cut costs, dropped first class, and added fees, recasting it in line with the discount carrier business model.

Sun Country would be the first US airline to go public since Virgin America in late 2014, Skift points out, while Spirit Airlines was the last ULCC to do so, in 2011. However, despite ULCC Frontier Airlines signalling it planned a public offering in 2017 it later changed course.

Nevertheless, Sun Country senses a “window of opportunity”, Bricker said in the interview. “We just want to be ready for it, if it is open for us,” he said. “If it’s not, we will wait.”

Allegiant Air (G4, Las Vegas McCarran) has announced in a press release it will open a new base at Allentown Lehigh Valley International Airport on February 12, 2020. The LCC will base two Airbus narrowbodies out of Pennsylvanian airfield.

"Lehigh Valley is a perfect location for a permanent base, which will further establish Allegiant as a hometown airline in eastern Pennsylvania. It has been a great area for Allegiant, where passenger demand has grown steadily over the years. As a base airport, having locally-based aircraft and crews will give us a host of options for both new service and expanded operational hours," Vice President of Government Affairs Keith Hansen said.

Allegiant Air's routes will become Fort Collins' only scheduled services.

Allegiant used to serve the Coloradoan airport until October 2012. After the termination of the route, the airline said that the lack of an air traffic control tower at the airport was a serious hindrance. Subsequently, Fort Collins decided to invest in a virtual air traffic control tower, wherein ATC services are provided by controllers physically located away from the airport through an elaborate system of cameras. Final certification of the virtual ATC tower at Fort Collins is expected by year-end, the Coloradoan has reported.

Fort Collins is located some 70 kilometres north of Denver Int'l. In Colorado, Allegiant Air already serves...

The US Federal Aviation Administration (FAA) has proposed a USD715,438 civil penalty against Allegiant Air (G4, Las Vegas McCarran), for "allegedly operating an aircraft on more than two dozen flights following improper engine maintenance", the regulator said in a statement dated June 12.

The FAA recounted that in October 2017, Allegiant asked it if it could deactivate a functioning MD-80 automatic reverse thrust system when the engine’s exhaust-gas temperature exceeded normal limits. The administration responded in December of that year that deactivating the system would be improper unless the system itself caused the excess temperature, because, it pointed out, the temperature exceedance could have other causes.

On April 13, 2018, the exhaust gas temperature of an Allegiant MD-88 engine exceeded normal limits while the plane was taking off from Roanoke in Virginia for Orlando Sanford, the FAA alleged in its statement.

When this occurs, the MD-80 maintenance manual calls for the automatic reverse thrust system to be turned off before the cause of the excess temperature is found and corrected and before...